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  1. Boom Trader
    1,004 Posts.
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    11/04/08
    12:59
    Post #: 3576486
    just an interesting aside to all this talk of Gold

    Copper has historically been an added bonus to gold production at Tennant Creek.
    I think warrego produced 100,000t of Cu and Juno contained a fair bit also.

    Article in todays Australian talks about copper price p 19

    current LME price is $US 8730t

    GoldmanSachs predicts $US9000t 2008 and $US10000t 2009
    CreditSuisse $US12000t 2008


    I have plucked this figure out of nowhere but lets say EXM found say 20,000t copper (remembering Warrego had 100ooot) and price was $US9000t (lowest estimate) that is $US180m

    Very pie in the sky but worth keeping in mind

    BoomTrader
    DSE Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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